Privatization, Regulation and Deregulation

ISBN-13: 9780415164528 / Angielski / Twarda / 1997 / 512 str.

Michael Beesley

Opis

In this second edition of Privatization, Regulation and Deregulation, the author has updated and augmented the original material to take account of developments over the last 5 years. This volume includes ten completely new chapters and coverage of the critical period from 1981to the present. The book provides a unique insight into the privatization and regulatory procedure. In addition, it presents a significant contribution to the basic economic arguments underlying these reforms to practitioners involved in privatization and regulation.

Spis treści

General note 1 Introduction and postscript 2 Privatization: principles, problems and priorities 3 Privatization: reflections on UK experience 4 The regulation of privatized monopolies in the United Kingdom 5 Mergers and water regulation 6 The required rate of return/cost of capital 7 The DGWS in operation 8 Competition and supply in London taxis 9 Information for regulating: the case of taxis 10 Bus deregulation 11 Collusion, predation and merger in the UK bus industry 12 Commitment, sunk costs, and entry to the airline industry: reflections on experience 13 UK experience with freight and passenger regulation 14 Liberalization of the use of British Telecomunications’ network 15 The British Telecom/Mercury interconnect determination: an exposition and commentary 16 The liberalization of telephone services in the UK 17 Price regulation and competition 18 The conditions for effective utility regulation 19 RPI—X principles and their application to gas 20 Mergers and economic welfare 21 Abuse of monopoly power 22 Media concentration and diversity 23 Schumpeter and UK pharmaceuticals

O autorze

Professor M.E.Beesley is a Founding Professor of Economics at the London Business School. He has been Lecturer in Commerce at Birmingham University, then Reader in Economics at the London School of Economics; he became the Department of Transport’s Chief Economist for a spell in the 1960s. Now Emeritus, his main teaching interest was in the contribution of economics to developing organizations’ strategy. He started the Small Business Unit at the London Business School. At the other end of the scale, he has advised companies on problems of monopoly and restrictive trade practices and on the relationship between nationalized industries and their ministries. His widely known work in transport economics and telecommunications policy has taken him to a wide range of countries. A member of the Monopolies and Mergers Commission since 1988, he was Economic Adviser to the government on water privatization in 1988/9, and from 1989 has been Economic Adviser to OFFER (Office of Electricity Regulation). He was made a CBE in the 1985 Birthday Honours List.